Illinois Delays 0,2% Crypto Tax as Industry Groups Demand Summary Judgment

Illinois authorities have agreed to delay the implementation of the 0,2% crypto asset tax, a postponement of cryptocurrency taxation that brought immediate relief to the market.

Meanwhile, crypto industry lobbying groups in Illinois are pushing for a summary judgment on the tax’s merits, warning that the 0,2% levy on digital assets could set a harmful precedent for blockchain innovation across the United States.

Illinois authorities have already agreed to postpone the implementation of a 0,2% tax on crypto assets, but sector-aligned organizations are pressing for a summary judgment on the merits.